APi Group Corporation $APG is Lionstone Capital Management LLC’s Largest Position

Lionstone Capital Management LLC cut its holdings in shares of APi Group Corporation (NYSE:APG) by 16.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,744,500 shares of the company’s stock after selling 345,300 shares during the quarter. APi Group makes up 21.4% of Lionstone Capital Management LLC’s holdings, making the stock its largest position. Lionstone Capital Management LLC’s holdings in APi Group were worth $89,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bridges Investment Management Inc. increased its stake in APi Group by 15.4% in the second quarter. Bridges Investment Management Inc. now owns 70,610 shares of the company’s stock valued at $3,605,000 after purchasing an additional 9,435 shares during the period. Rathbones Group PLC purchased a new position in shares of APi Group during the second quarter worth about $2,094,000. Capital Investment Services of America Inc. increased its position in APi Group by 5.4% in the 2nd quarter. Capital Investment Services of America Inc. now owns 397,325 shares of the company’s stock valued at $20,283,000 after acquiring an additional 20,337 shares during the period. Equitable Trust Co. raised its stake in APi Group by 60.5% during the 2nd quarter. Equitable Trust Co. now owns 33,500 shares of the company’s stock valued at $1,710,000 after acquiring an additional 12,630 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in APi Group by 11.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 228,656 shares of the company’s stock worth $11,673,000 after acquiring an additional 22,832 shares during the period. Hedge funds and other institutional investors own 86.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on APG. Zacks Research lowered shares of APi Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of APi Group in a report on Monday, December 1st. Citigroup reiterated a “buy” rating and set a $45.00 price target (up from $43.00) on shares of APi Group in a research note on Monday. Finally, Barclays raised their price objective on shares of APi Group from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.81.

APi Group Stock Down 0.5%

Shares of NYSE APG opened at $38.88 on Tuesday. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 106.02 and a beta of 1.72. APi Group Corporation has a 52 week low of $20.50 and a 52 week high of $39.65. The firm has a 50-day moving average price of $36.29 and a 200 day moving average price of $34.90. The company has a quick ratio of 1.41, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

APi Group (NYSE:APG) last issued its earnings results on Thursday, October 30th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. APi Group had a net margin of 3.44% and a return on equity of 21.86%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that APi Group Corporation will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Martin E. Franklin sold 340,000 shares of APi Group stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $36.09, for a total transaction of $12,270,600.00. Following the completion of the transaction, the director directly owned 18,968,790 shares of the company’s stock, valued at approximately $684,583,631.10. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 900,000 shares of company stock valued at $32,342,000. Company insiders own 17.00% of the company’s stock.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.